Well Established Cleveland Bistro Bar With Great Ambiance For Sale

Business description

Established Bistro/Bar with great ambiance in Upper Middle Class Suburb of West Side of Cleveland. The Bistro/Bar is Offering Fresh Food Menu, Pizzas, cheeses, appetizers, salads, fresh desserts, Spirits, Wine and Craft Beers. Its extensive wine list is intended to satisfy palettes of all tastes at reasonable prices. The business is enjoying greater than average gross margin of 45%. The profit margin is driven by (a) its higher than average mix of alcoholic beverages, (b) its select high margin food offering and (c) lower than average labor costs. Seating Capacity: 66 Inside; 40 Patio Seats. The business is run by its owner with one part time cook who works about 30 hours a week and 3 - 4 part time servers.
================================== Enterprise Development Resources, Inc. is neither a Broker-Dealer nor a registered Investment Adviser. Where applicable, securities transactions are conducted by RWI, LLC, member FINRA, MSRB, and SIPC ====================================== In the event there is any applicable Real Estate Transaction it will be conducted via Pro-Classic Real Estate, Inc.

Property information

Real Estate:

Lease

Leasehold rent:

$14 per sq ft per annum

Location:

Business in located at a high traffic road and is part of a well maintained strip center.

Premises details:

1,600 sq. ft.

Business Operation

Expansion potential:

Focus in marketing for more special events.
Another possibility could be the extension of the operating hours for offering luncheon.

Competition / Market:

The Bar and Restaurant is a fairly competitive business. The owner's/operator's personality and focus in providing outstanding customer service and quality can have a significant impact in this business.

Reasons for selling:

Seller wishes to pursue other business opportunities.

Trading hours:

4 - 11

Employees:

5

Years established:

2003

Other information

Support & training:

Seller will train as necessary.

Financing available:

Seller may accommodate some limited financing if Buyer has proper credit rating.

Inventory / Stock value:

$8,000

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